Wine supplies drying up?

Fewer growers are trampling out the vintage

11:52 PM,
Nov. 1, 2013

Written by

John Bacon
USA TODAY

A report out this week on the world's wine supply probably isn't drawing "cheers" from lovers of the fabulously popular fruity booze.

Global demand exceeded supply by 300 million cases in 2012, and the future could be bleaker, a Morgan Stanley Research report says. The study blames the shortfall on increased demand - everyone will drink to that, apparently - bad weather and fewer vineyards. The report says "there may be insufficient supply to meet demand in coming years, as current vintages are released." World production peaked in 2004, when the surplus reached 600 million cases. But the ...